SYDNEY, Australia - Stocks in Asia were a mixed bag on Friday as investors weighed up prospects for a trade deal involving the U.S. and China, and considered weak economic data coming out of both those countries.

Stocks in Japan were trending lower Friday, as they were in Hong Kong. However a late burst in China saw gains accelerate, while Hong Kong's Hang Seng which had spent most of the day in the red, catapulted into the black.

In Australia, there was demand pushing share prices higher as well.

By the close of trading Friday, the Australian All Ordinaries was up 27.30 points or 0.44% at 6,241.90.

In Tokyo, the Nikkei 225 closed down 38.72 points or 0.21% at 21,425.51.